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What is Oodit?

Streamline all facets of risk management and prevention within your organization by utilizing a unified solution. Our state-of-the-art software empowers you to elevate risk awareness at every level of your business. Discover connections and make strategic and tactical decisions based on real-time insights. Each user on the platform can share their knowledge about risks, contributing to the identification and mitigation of potential threats. This collaborative model not only increases employee engagement but also fortifies your organization's resilience. The software is crafted to be user-friendly and intuitive, facilitating a smooth integration of your existing data so you can hit the ground running. This allows you to focus entirely on risk management without the hassle of intricate technical challenges. Moreover, you will receive automated notifications for conducting regular risk assessments, helping you maintain a proactive stance. Every user can also provide input and identify new risks at any time, ensuring that no potential threat goes unnoticed. By harnessing this all-encompassing platform, your organization can navigate risks more adeptly and reinforce its overall stability, ultimately leading to a more secure operational environment. Embracing this approach not only enhances risk management but also promotes a culture of safety and awareness among all employees.

What is ModelRisk?

ModelRisk is an Excel add-in tailored for conducting Monte Carlo simulations, allowing users to integrate uncertainty into their spreadsheet models effectively. Since its launch in 2009, it has become a benchmark for innovation in the field, introducing a variety of technical features related to Monte Carlo techniques that facilitate the development, verification, and evaluation of risk models in a manner that aligns more closely with real-world complexities. By replacing uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately depict the uncertainty surrounding those values. Subsequently, ModelRisk utilizes Monte Carlo simulation methods to generate thousands of potential scenarios automatically. While Excel is employed for a multitude of analytical tasks, ModelRisk uniquely focuses on assessing the uncertainty present in the numerical outcomes of Excel models. This powerful tool has been embraced by users from diverse industries for risk analysis, highlighting its adaptability and effectiveness in managing uncertainty. Moreover, its capability to visualize results not only enhances user comprehension but also aids in making well-informed decisions, ultimately leading to better strategic outcomes. In an increasingly complex world, ModelRisk empowers users to navigate uncertainty with confidence.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

$89.00/month
Free Version

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Oodit

Date Founded

2012

Company Location

The Netherlands

Company Website

oodit.nl/

Company Facts

Organization Name

Vose Software

Company Location

Belgium

Company Website

www.vosesoftware.com/products/modelrisk/

Categories and Features

Compliance

Not specified

Inspection

Not specified

Risk Management

Auditing
Dashboard
Response Management
Risk Assessment

Categories and Features

Risk Management

Risk Assessment

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